The Nickel market has recorded a deficit of 95kt in the first ten months of 2006 with reported stocks some 32kt lower. Mine production was, at 1146kt, 45% above the 2005 total. Refined production was fractionally below the comparable total for 2005 due mainly to reduced output in Oceania. World demand was 58kt higher than in the first ten months of last year. No allowance is made in the consumption calculation for unreported stock changes. In October, world production was 103.7kt and demand totalled 114.8kt.
